As a business term, what does "takeover" mean?

Native speaker’s answer
Rebecca
In business, a "takeover" is when a company or person assumes control of a business or company when it has been bought out. Ex: We sold our restaurant to a chain. The takeover will begin next week! Ex: The takeover led to quite a few changes in the company's work system. Ex: This will be a messy takeover, but it's the only way to save the business.